Shares of Lincoln National Corporation (NYSE:LNC – Get Free Report) have received a consensus recommendation of “Hold” from the sixteen analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $43.00.
Several research firms recently weighed in on LNC. Keefe, Bruyette & Woods increased their target price on shares of Lincoln National from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Barclays reduced their target price on shares of Lincoln National from $44.00 to $42.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Weiss Ratings cut shares of Lincoln National from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Morgan Stanley cut their target price on shares of Lincoln National from $43.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Mizuho cut their target price on shares of Lincoln National from $54.00 to $48.00 and set an “outperform” rating for the company in a research note on Monday, April 13th.
Get Our Latest Stock Report on LNC
Lincoln National Trading Up 0.1%
Lincoln National (NYSE:LNC – Get Free Report) last released its earnings results on Thursday, May 7th. The financial services provider reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.08. Lincoln National had a net margin of 9.17% and a return on equity of 18.07%. The business had revenue of $4.87 billion during the quarter, compared to analysts’ expectations of $4.93 billion. During the same quarter last year, the company earned $1.60 earnings per share. The firm’s revenue was up 13.1% on a year-over-year basis. Equities research analysts predict that Lincoln National will post 7.66 earnings per share for the current year.
Insider Buying and Selling
In other news, major shareholder National Life Insuranc Lincoln bought 2,254,486 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was bought at an average price of $11.09 per share, for a total transaction of $25,002,249.74. Following the completion of the purchase, the insider owned 9,784,322 shares of the company’s stock, valued at approximately $108,508,130.98. The trade was a 29.94% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sean Woodroffe sold 10,000 shares of Lincoln National stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $34.46, for a total transaction of $344,600.00. Following the completion of the transaction, the executive vice president owned 206,159 shares of the company’s stock, valued at $7,104,239.14. This trade represents a 4.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.03% of the company’s stock.
Institutional Trading of Lincoln National
Hedge funds and other institutional investors have recently modified their holdings of the stock. JPL Wealth Management LLC acquired a new stake in shares of Lincoln National in the third quarter valued at approximately $29,000. V Square Quantitative Management LLC acquired a new stake in shares of Lincoln National in the fourth quarter valued at approximately $31,000. Transamerica Financial Advisors LLC acquired a new stake in shares of Lincoln National in the fourth quarter valued at approximately $32,000. NBT Bank N A NY increased its holdings in shares of Lincoln National by 2,051.1% in the first quarter. NBT Bank N A NY now owns 968 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 923 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Lincoln National in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 72.81% of the company’s stock.
Lincoln National Company Profile
Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.
The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.
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